Kalkine Top Extended Financial Headlines at 7:03 a.m. EST

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 Kalkine Top Extended Financial Headlines at 7:03 a.m. EST
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Oil prices are down, and demand is lagging For nearly nine months, the Federal Reserve has relentlessly raised interest rates to try to slow the U.S. job market and bring inflation under control The nation’s employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience in the face of the Federal Reserve’s aggressive interest rate hikes Worries about inflation weighed on Wall Street, leaving major indexes mixed after another bumpy day of trading Russian authorities have rejected a price cap on the country’s oil set by Ukraine’s Western supporters and are threatening to stop supplying the nations that endorsed it The Group of Seven nations and Australia have joined the European Union in agreeing to a $60-per-barrel price cap on Russian oil The nation’s largest public utility is recommending replacing an aging coal burning power plant with natural gas, ignoring calls for the Tennessee Valley Authority to speed its transition to renewable energy The U.S., Europe and the Group of 7 democracies have agreed to put a price cap on Russian oil exports to other countries Members of the United Auto Workers union appear to favor replacing many of their current leaders in an election that stemmed from a federal bribery and embezzlement scandal involving former union officials Twitter has suspended rapper Ye after he tweeted a picture of a swastika merged with the Star of David

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